Intraday Price Movement and Volatility
The stock opened with a notable gap up of 4.9%, signalling early bullish sentiment among traders. Throughout the day, COSCO demonstrated high volatility, with an intraday price range of ₹30.6 and a peak price touching ₹258.75, representing an 18.97% increase from the previous close. Despite this wide trading band, the weighted average price indicated that a larger volume of shares exchanged hands closer to the lower end of the range, suggesting some profit-taking or cautious positioning by investors amid the volatility.
Moving averages provide further context to the stock's technical positioning. COSCO's current price is above its 5-day, 20-day, 50-day, and 100-day moving averages, reflecting short to medium-term upward momentum. ...
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